Special Economic Zone

Special Economic Zone (SEZ) in Kazakhstan is a part of the territory of the Republic of Kazakhstan with clearly determined boundaries where special legal treatment of priority economic activities takes place.

Special Economic Zone Act No, 469-IV of the Republic of Kazakhstan adopted on 21 July 2011

Build-up area of the G4 СITY is located in the Special Economic Zone “Zhana Almaty” providing the following preferences:

1

exemption from corporate tax;

2

exemption from land tax;

3

exemption from property tax;

4

goods (as per the list determined by the Republic of Kazakhstan government) realized within the special economic zone and fully consumed while carrying out of activities, which meet the objectives of such special economic zone, are subject to value added tax at zero rate;

5

simplified foreign labor employment procedure where permits to engage foreign labor shall be issued by local executive bodies in accordance with the laws of the Republic of Kazakhstan, however, there will be no search for candidates on the domestic labor market.